History of the Bank of Gettysburg, 1814-1864, the Gettysburg National Bank, 1964-1914 e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. Chambersburg and Carlisle were the Banking centers for this community. Money was not so plentiful then as now. There were no railroads, telephones or trolleys in those days. Each monied man was the banker for the locality in which he lived. The merchants and manufacturers, as a rule, kept their money in their houses and carried their books of business and their securities and cash home each night from their place of business. In many cases the place of business and the dwelling house were the same. Banks did not pay any interest on deposits. The trans fer of Bank Notes was rather risky and as a protection, the notes were cut in half and each half sent in a sepa rate package and when all arrived safely, at their desti nation, they were fastened together and put in circula tion. The rates of postage were very high, so a great deal of the money was carried by trusty messengers from place to place as opportunity presented. When the Bank of Gettysburg was opened, each Di rector was practically the banker for his locality and on the meeting day of the Bank Directors, he brought the deposits from his neighborhood and often took back with him money for his neighbors.